Inflation: It’s a Wealth Redistribution Scheme
When new money is made, it helps those who get the new money first (usually the wealthy) — at the expense of those who get it later (the poor).
When new money is made, it helps those who get the new money first (usually the wealthy) — at the expense of those who get it later (the poor).
The Fed likes to constantly tell us how well the economy is improving while refusing to increase the target rate. That tells us all we need to know.
How our central banks were formed in the United States tells us a lot about their behavior.
The Fed must be audited as part of a larger effort to leave the Fed behind entirely.
Helicopter money is not some kind of new wrinkle in monetary policy. It is an old-as-the-hills way to monetize the public debt.
Elizabeth Warren thinks she can prevent future foreclosure crises by regulating private banks. She should take a hard look at central banks instead.
The Fed cannot see the natural rate of interest, but it is right before its eyes.
John Tamny is right that we don't need the Fed. Unfortunately, his new book on the Fed goes off course while explaining why.